Company
Headquarters: Columbus, IN, United States
Founded: 1919
Employees: 59,900
CEO: Mr. N. Thomas Linebarger
$33.70 Billion
USD as of Jan. 1, 2024
Cummins is a company engaged in the manufacturing and distribution of engines, filtration, and power generation products. Founded in 1919, it now produces a wide range of engines for heavy agriculture and construction machines, ships, rail, drilling, trucks as well as generators, power and filtration systems, and diverse components together with associated services.
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Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, electric power generation systems, and batteries. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
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Cummins Inc. has the following listings and related stock indices.
Stock: NYSE: CMI wb_incandescent
Stock: BMV: CMI wb_incandescent
Stock: Bovespa: C1MI34 wb_incandescent
Stock: FSX: CUM wb_incandescent
Engines, Filtration, Power Generation, Fuel cell systems, Turbochargers, commercial vehicles
Founder(s): Clessie Lyle Cummins J Irwin Miller
N. Thomas Linebarger (Chairman & CEO) Mark Smith (Vice President & CFO)
Revenue: US$19.811 billion (2020)
Operating income: US$2.269 billion (2020)
Net income: US$1.811 billion (2020)
Total assets: US$22.624 billion (2020)
Total equity: US$8.989 billion (2020)